Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$16.74 and traded as high as C$18.58. Morguard North American Residential Real Estate Investment Trust shares last traded at C$18.55, with a volume of 5,998 shares changing hands.
Analyst Ratings Changes
Separately, TD Securities upped their price objective on shares of Morguard North American Residential Real Estate Investment Trust from C$22.00 to C$23.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th.
Read Our Latest Stock Report on Morguard North American Residential Real Estate Investment Trust
Morguard North American Residential Real Estate Investment Trust Stock Up 0.2 %
The company's 50-day moving average is C$18.48 and its 200 day moving average is C$16.76. The company has a debt-to-equity ratio of 95.54, a quick ratio of 0.09 and a current ratio of 0.80. The company has a market capitalization of C$690.25 million, a PE ratio of 4.91 and a beta of 1.21.
Insider Buying and Selling
In other Morguard North American Residential Real Estate Investment Trust news, insider Sime Armoyan acquired 600 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average price of C$112.00 per share, with a total value of C$67,200.00. Over the last quarter, insiders have acquired 1,600 shares of company stock valued at $177,371. 26.42% of the stock is owned by insiders.
About Morguard North American Residential Real Estate Investment Trust
(
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The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario. The Units of the REIT trade on the Toronto Stock Exchange under the ticker symbol MRG.UN. With a strategic focus on the acquisition of high-quality multi-suite residential properties in Canada and the United States, the REIT maximizes long-term Unit value through active asset and property management.
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